RELIANCE
The stock was consolidating in a range of 810-840, in today's trading session it broke the resistance level of 844 and made a high of 859, it is now trading at 852.45. In order to be in an upward trend it has to trade and consolidate above the next resistance level of 859 else below 814 it might face more selling pressure.
Technical Levels :
Resistance : R2 : 883.28, R1 : 869.27
Support : S1 : 827.87, S2 : 800.48
SBI
In today's trading session, the stock consolidates with negative biasness to show some correction and successfully taken support from its lower level. In upcoming session some more bullish trend can be expected, if it is able to sustain above its resistance level. It now has next resistance level at 2043 and support level at 2011.
Technical Levels :
Resistance : R2 : 2053.27, R1 : 2037.63
Support : S1 : 2008.73, S2 : 1995.47
L&T
L&T continued its up rally in today's trading session also and made intraday high of 1723. The stock may face resistance from the level of 1740 and it has support level at 1680. In short term it is expected to continue its consolidation with positive biasness, crossing of resistance level may take the stock at higher levels.
Technical Levels :
Resistance : R2 : 1763.27, R1 : 1735.63
Support : S1 : 1667.73, S2 : 1627.47
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